Looking to diversify beyond YAFFX? The mutual funds below have the lowest correlation with YAFFX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from YAFFX.
Best Diversifiers for YAFFX
15 mutual funds have low correlation with YAFFX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Equity Income Fund (LEIFX) (Large Cap Value Equities) with a 1Y correlation of -0.06, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Federated Hermes Equity Income Fund | -0.06 | 0.36 | 0.62 | 72 | Large Cap Value Equities | YAFFX vs LEIFX | |
| Federated Hermes Strategic Value Dividend Fund | 0.05 | 0.38 | 0.55 | 86 | Large Cap Value Equities | YAFFX vs SVAIX | |
| Federated Hermes Strategic Value Dividend Fund Cla... | 0.06 | 0.39 | 0.56 | 84 | Dividend | YAFFX vs SVAAX | |
| AMG GW&K Municipal Bond Fund | 0.10 | 0.13 | 0.10 | 65 | Municipal Bonds | YAFFX vs GWMIX | |
| Voya Corporate Leaders Trust Fund | 0.10 | 0.45 | 0.61 | 78 | Large Cap Value Equities | YAFFX vs LEXCX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from YAFFX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to YAFFX and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.18, down from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.18 | 0.31 | 0.46 | 91 | Technology | |
| Amazon.com, Inc | 0.21 | 0.32 | 0.44 | 54 | Consumer Cyclical | |
| Albemarle Corporation | 0.22 | 0.37 | 0.46 | 80 | Basic Materials | |
| Hycroft Mining Holding Corporation | 0.24 | 0.23 | 0.25 | 96 | Basic Materials | |
| First Solar, Inc. | 0.25 | 0.31 | 0.34 | 67 | Technology |
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Build a portfolio that complements YAFFX
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